Blue Logic Deal Set to Create “Northern IT Powerhouse”

A £7m-turnover IT services company with more than 500 business clients across Yorkshire and the North East has been acquired by a Manchester-based counterpart in a deal that is set to create a “Northern IT Powerhouse”, with due diligence support from Dow Schofield Watts. Blue Logic was established in 2007 and has its head office in … Continued

The Main Types of Company Reorganisation

By Simon Denye, Partner, Dow Schofield Watts Tax Consulting LLP Demergers Groups may want to split out their activities for many different reasons. There may be conflicting interests between shareholders, legal reasons to separate a trade out from the rest of the group with corporate protection, or it may be the only way for a … Continued

Conquering M&A – Completion Accounts – Checklist

Completion Accounts – Checklist Aide Mémoire This can only be an aid to guide the reviewer of a contract towards those areas of an acquisition contract which are of accounting significance and which might be sources of dispute in the future. At all stages you should be asking the questions: Is it clear? Is it … Continued

8 Weeks in Venture Capital

8 Weeks in Venture Capital By Oliver Rogers, Analyst in the DSW Angels Team My first few weeks in Venture Capital have taught me that it’s a non-stop learning environment. Dow Schofield Watts Angels receives about 50 applications for funding a month, so at any one time, there are many different businesses in the pipeline. … Continued

Family planning – the tax sort!

Transferring Shares in Family Company to Spouse – Gift or Sale? By Simon Denye, Partner, Dow Schofield Watts Tax Consulting LLP Owning your company jointly with your spouse is standard planning where one of you pays tax at a higher rate than the other (or one of you pays no tax at all). The idea … Continued

Conquering M&A – Completion Accounts – The Risks

Completion Accounts – The Risks According to PriceWaterhouseCoopers (“PWC”), between 40% and 60% of M&A transactions have a completion accounts mechanism, whereby the purchase price is arrived at by reference to the Target’s net asset value (“NAV”) as at completion. The purchase price is adjusted after completion to reflect the actual net assets of the … Continued

Proseal UK Limited To Be Acquired By US Corporation In £220m Deal

Food packaging specialist to be acquired by US corporation in £220m deal Proseal UK Limited – the UK firm which is a leading provider of tray sealing technology to the food industry – is to be acquired by Chicago-based JBT Corporation. JBT, which is listed on the New York Stock Exchange, has signed a definitive … Continued

Conquering M&A – Completion or Locked Box

Completion or Locked Box The prevalence of private equity in M&A transactions has led to an increasing trend in the UK to using the “locked box” approach to determine the final price for a target business rather than completion accounts. The primary difference between the two mechanisms is the date of transfer of economic risk. … Continued

A Recap on Directors Loan Accounts

As a director, the company may pay for personal expenses from time to time. You can clear the debt by repaying it or get the company to write it off. Does it matter how and when you do this? By Simon Denye, Partner, Dow Schofield Watts Tax Consulting LLP Over £10,000? Your company card has … Continued

Conquering M&A – Auctions

Auctions Two techniques: Limited or controlled auction (a “handful” of candidates selected); Open auction (open to the world). Limited auctions can be completed quicker and the threat of an open auction can be used to keep bids up. Open auctions can threaten the business, but the release of information can be controlled. A controlled auction … Continued

Dow Schofield Watts London goes from 0-9 in 9 months

The London office of advisory firm Dow Schofield Watts has welcomed its ninth team member just nine months after its launch. The latest arrival is Philip Hodgson who has relocated to London to take on the role of Corporate Finance Executive. An economics graduate from the University of Newcastle, Philip qualified as a Chartered Accountant … Continued

Dow Schofield Watts in UK Top Ten Dealmakers

Dow Schofield Watts was the most active financial adviser in the North West in the first quarter of 2019 and the second most active in Yorkshire. The firm also ranked in the top ten dealmakers in the UK, according to Experian’s latest M&A Review. The figures show that in the North West, Dow Schofield Watts … Continued

Physics prizewinner joins Dow Schofield Watts Angels

Dow Schofield Watts Angels, the Northern angel investor network, has appointed Oliver Rogers as analyst as it continues its expansion. Oliver, who has a degree in Maths and Physics from the University of Bristol, was previously a  data analyst with e-commerce specialist The Hut Group, and also worked as a physics tutor. He is a … Continued

Conquering M&A – Acquisition Rationale

Acquisition Rationale Deal rationales for acquisitions are usually to acquire: Customers – access to new customers and markets Products – access to new products and services. Capability/Diversification – access to new people, technology, IP, or distribution channels; Defensive – to prevent a competitor from acquiring the business or key assets. Synergies – arising from strengthened … Continued

This website uses cookies for functionality and allow us to analyse the use of the site. To opt out please view our Cookie Policy. If you continue to browse the site, we'll assume you agree to the use of cookies. [ Hide Notice ]